- 02 Nov
65% Of Construction Businesses Need To Raise Finance
My previous post was that only 2% of construction sector businesses (we surveyed 100 randomly selected #construction businesses) said they used invoice finance or finance against applications for payment.
We went on to question them about their future funding requirements and 65% said that they expected to need to raise further finance during the course of the next 12 months!
This should present a huge potential funding opportunity for the invoice finance sector to provide funding to construction businesses. Although construction finance is not offered by all invoice finance companies there are a growing number that are able to fund against invoice or applications for payment in the construction sector.